Smart Mining Market
REPORT DESCRIPTION
Smart Mining Market - Global Industry Analysis , Size , Share , Growth Trends , And Forecast 2016 - 2024
The global smart mining is extremely fragmented owing to the presence of several leading companies , states Transparency Market Research ( TMR ) in a research report . The uncertain price environment has put extreme pressure on the demand and supply in the smart mining market . Declining productivity along with the nationalization of resources and mounting cost of operations has triggered the need to optimize mining operations by enhancing efficiencies by adhering to the regulatory environment . As a result of this , mining companies worldwide are focusing on the integration of operational and information technologies in order to enhance their performance . Companies operating in the global smart mining market are striving to raise awareness regarding the benefits of smart mining among end-users are also investing in research and development activities in order to launch high-end products and services in the global smart mining market . The leading participants in the market are Alcatel-Lucent , Cisco Systems , Inc ., Sandvik AB , Komatsu Ltd ., Joy Global Inc ., Hitachi Construction Machinery Co ., Ltd ., Caterpillar Inc ., Atlas Copco , ABB Ltd ., IntelliSense . io , Alastri , STONE THREE MINING PTY LTD , Trimble Navigation Limited , SAP SE , and Rockwell Automation Inc ., among others .
According to a TMR analyst , “ The global smart mining market is anticipated to expand at a 14.7 % CAGR between 2016 and 2024 . The market was worth US $ 5.98 bn in 2014 and is likely to rise to a valuation of US $ 22.59 bn by the end of 2024 .”
Browse Market Research Report @ http :// www . transparencymarketresearch . com / smart-mining-market . html Data and Operation Management Software to Gain Prominence among End Users
In terms of software solution , the global smart mining market has been classified into asset management solutions , remote management solutions , analytics solutions , connectivity solutions , security and safety systems , data and operation management software , and logistics software . Amongst these , the segment of data and operation management software in the smart mining market held the leading position in the market in 2014 and is expected to maintain a dominant position until the end of the forecast period . Owing to the herculean task of managing data and keeping track of the humungous mining operations , the adoption of this software is likely to trigger over the coming years . Based on services , the global smart mining market is segmented into consulting services , product training services , system implementation and integration services , and support and maintenance . Support and maintenance services are likely to grow in popularity and account for the leading share by the end of 2024 .
Region-wise , the global smart mining market has been categorized into Asia Pacific , the Middle East and Africa , Central and South America , and Europe . Asia Pacific emerged as the leading market in the global smart mining market in 2014
Transparency Market Research
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